HRD/MML/O/60420/23

20/Jun/2023

Mr.Aasif Ali
Village Alampur,
Sultanpur,Thakurdowara,
Moradabad,Uttar Pradesh
Pin: 244601

Dear Mr.Aasif Ali

It gives us pleasure in offering you a position with the Muthoot Microfin Limited. This offer is in
pursuance with the discussions we had with you recently.

Terms & Conditions

1. Job Title :

You will be designated as Relationship Officer-Operations

2. Reporting:

You will be reporting to the Branch Relationship Manager-Operations

3. Location:

Your first posting will be at Rudrapur , Uttarakhand

4. Remuneration:

Your Annual Total Employment Cost to the company would be Rs.175308.00 /- (Rupees One
Lakhs Seventy-Five Thousand Three Hundred Eight Only) the details of which are been given
in the Annexure attached

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5. Job Description

Your duties and responsibilities will be given separately

6. Posting/Transfer:

Even though your first posting will be at Rudrapur during the course of the service, you shall be
liable to be posted / transferred anywhere to serve any of the Company's Projects or any other
establishment in India or outside, at the sole discretion of the Management.

7. Probation/Confirmation:

You will be on Probation for a period of 12 months. Your performance will be evaluated after the
completion of probation period. Your services will be confirmed with the company in writing,
strictly on the basis of your performance during the probation period

8. Notice Period:

In case you decide to leave the company’s services , you will be required to give 90 days’ notice .
The company in its sole discretion can decide to waive off/reduce the notice period depending
upon the exigencies. In such case, you would be required to pay to the company the gross salary
for the notice period so reduced/waived off.

9. Medical Fitness:

Your offer is subject to your being found medically fit for employment.

10 . Information:

This Offer Letter is being issued to you on the basis of the information and particulars furnished
by you in your application (including bio- data), at the time of your interview and subsequent
discussions. If it transpires that you have made a false statement (or have not disclosed a material
fact) resulting in your being offered this position, the Management may take such action as it
deems fit in its sole discretion, including termination of your employment.

11. Responsibility:

With acceptance of this letter, you are undertaking the following responsibilities

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 I.. You will abide by the rules and regulations/Certified Standing Orders of the Company as
may be in force from time to time

II. During your services with the Company, you will not undertake any other business or
work, direct or indirect, honorary or with remuneration except with the written
permission from the Management.

III .You will not during your services with us or any time, thereafter disclose to any
persons, firm or Company, information regarding the Company, the disclosure of which
may damage the interest of the Company.

12. You are advised to join us latest by: 4-July-2023

13. You are required to sign and submit a copy of this letter as a token of your acceptance of our
terms and conditions along with the following documents (if not submitted already) within 2 days
from the date of this offer failing which the offer will stand void.

 Copy of educational qualification (self-attested);

 Police Verification Certificate on or before 30 days of joining;

 KYC - Self attested;
 Copy of Relieving letter from the present Employer;

14.Employees who are leaving the service without intimation to the company within 30 days from
the date of joining shall be not eligible for any benefits as an employee and the company has the
right to recover the loss incurred with regard to the appointment and his service.

Confidentiality

You acknowledges that in the course of performing services, you will obtain knowledge of the
business plans, products, processes, software, know-how, trade secrets, formulas, methods, models,
prototypes, discoveries, inventions, improvements, disclosures, names and positions of other
employees and/or other proprietary and/or confidential information (collectively the Confidential
Information). You agree to keep the Confidential Information secret and confidential and not to
publish, disclose or divulge to any other party, and agree not to use any of the Confidential
Information for your own benefit or to the detriment without the prior written consent, whether or
not such Confidential Information was discovered or developed by you. You also agree not to
divulge, publish or use any proprietary and/or confidential information of others that you are
obligated to maintain in confidence.

This clause shall be applicable even after the discontinuation of your services with the organization

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Professional Code of Conduct

You shall abide by the Professional code of conduct, as amended from time to time, at all times.

Acceptable Usage Policy

You shall be bound by the acceptable usage policy and the related policies from time to time.
Within 15 days of joining you will read through the Policy and acknowledge receipt of the same
failing which you may not be able to access the information assets

While welcoming you to Muthoot Pappachan Group, we hope you will excel in your
endeavours and help make Muthoot Microfin a success story.

For Muthoot Microfin Limited.

Subhransu Pattnayak
Executive Vice President - HR

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 SALARY BREAK UP
Designation Relationship Officer-Operations
Grade RO II
Location Rudrapur
Salary Breakup Per Month Per Annum
Basic plus DA 7800.00 93600.00
HRA 3120.00 37440.00
Others Allowance 2080.00 24960.00
Gross Salary (A) 13000.00 156000.00
Deductions
Provident Fund 1186.00 14232.00
ESI 98.00 1176.00
Net Salary (B) 11716.00 140592.00
ESI(ER Share) 423.00 5076.00
Provident Fund(ER Share) 1186.00 14232.00
Total (C) 1609.00 19308.00
Cost to The Company (A+C) 14609.00 175308.00

For Muthoot Microfin Limited.

Subhransu Pattnayak
Executive Vice President - HR

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